Gene Therapy Market Growth, 2023 Trends & Share Report

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The  Gene therapy market  Growth   reached a size of USD 7.35 billion in 2022 and is projected to reach USD 30.15 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 19.3% during the forecast period from 2023 to 2030.

Gene therapy, a promising field in medical science, has witnessed significant growth in recent years. With the potential to revolutionize the treatment of various genetic disorders, the market is expected to experience substantial expansion in the coming years.

The increasing prevalence of genetic diseases, coupled with advancements in gene therapy techniques, is driving the market's growth. Additionally, rising investments in research and development activities, along with supportive government initiatives, are further propelling the market forward.

Furthermore, the growing awareness among healthcare professionals and patients about the benefits of gene therapy is contributing to the market's expansion. As more clinical trials and studies demonstrate the efficacy and safety of gene therapy, its adoption is expected to increase significantly.

Geographically, North America currently dominates the gene therapy market, owing to the presence of well-established healthcare infrastructure and a high prevalence of genetic disorders in the region. However, Asia Pacific is anticipated to witness the highest growth rate during the forecast period, driven by increasing investments in healthcare infrastructure and rising awareness about gene therapy.

In conclusion, the gene therapy market is poised for substantial growth in the coming years. With advancements in technology, increasing investments, and growing awareness, gene therapy holds immense potential to transform the treatment landscape for genetic disorders.

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Market Segmentation Analysis

By Vector Type

  • Non-Viral Vector
  • Viral Vector

By Therapy

  • Ex Vivo Therapy
  • In Vivo Therapy

By Gene Type

  • Antigen
  • Growth factors
  • Tumor Suppressor
  • Cytokine
  • Suicide
  • Receptors
  • Deficiency
  • Others

By Application

  • Neurological Disorders
  • Rare Diseases
  • Oncological Disorders
  • Other Diseases

Key Players 

Some major key players in Gene Therapy Market are REGENXBIO, Inc., Taxus Cardium Pharmaceuticals Group, Inc., Oxford BioMedica plc, Bristol-Myers Squibb Company, Dimension Therapeutics, Inc., Applied Genetic Technologies Corporation, SANOFI, bluebird Bio, Inc. , Novartis AG, F. Hoffmann-La Roche Ltd. and other players.

Group of Industries, Unexo Life Sciences, Polar Products, Rapid Aid, Mueller Sports Medicines, Pic Solution, Bruder Healthcare Company, Brownmed Inc., Medichill, and others.

Table of Contents

1.Introduction

2.Research Methodology

3.Market Dynamics

4.Impact Analysis

4.1COVID-19 Impact Analysis

4.2.Impact of Ukraine- Russia war

4.3.Impact of Ongoing Recession on Major Economies

5.Value Chain Analysis

6.Porter's 5 Forces Model

7.PEST Analysis

8.Gene Therapy Market Segmentation, By   Vector Type

9.Gene Therapy Market Segmentation, By Therapy

10.Gene Therapy Segmentation Market, By Gene Type

11.Company Profiles

12 Competitive Landscape

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SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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